NZ dollar trades near 4-month low as markets await Fed policy review

Tue, 01 May 2018

By Rebecca Howard May 1 (BusinessDesk) - The New Zealand dollar continued to hover near a four-month low against the greenback as investors await the results of the US Federal Reserve's two-day meeting. The kiwi dollar traded at 70.35 US cents as at 5pm in Wellington from 70.33 cents at 8am, and down from 70.77 cents late yesterday. Earlier it touched 70.29 US cents, the lowest this year. The trade-weighted index fell to 73.20 from 73.51. The Fed is widely expected to keep rates on hold but markets will be closely scrutinising the sta...

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